Omaha Corp Boston Sells 331,500 Shares of Sky Harbour Group (NYSE:SKYH) Stock

Sky Harbour Group (NYSE:SKYH) major shareholder Omaha Corp Boston sold 331,500 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $9.05, for a total transaction of $3,000,075.00. Following the sale, the insider owned 8,666,163 shares of the company’s stock, valued at $78,428,775.15. This trade represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Sky Harbour Group Trading Up 1.7%

Shares of SKYH stock opened at $10.38 on Friday. Sky Harbour Group has a 12-month low of $8.22 and a 12-month high of $12.67.

Sky Harbour Group (NYSE:SKYH) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.40. The firm had revenue of $8.06 million during the quarter, compared to the consensus estimate of $9.27 million. Sky Harbour Group had a net margin of 68.33% and a return on equity of 8.03%.

Analyst Upgrades and Downgrades

SKYH has been the subject of a number of analyst reports. Weiss Ratings initiated coverage on shares of Sky Harbour Group in a research report on Monday, March 23rd. They issued a “sell (d+)” rating for the company. BTIG Research reiterated a “buy” rating and issued a $13.00 price target on shares of Sky Harbour Group in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sky Harbour Group currently has a consensus rating of “Hold” and a consensus price target of $13.00.

About Sky Harbour Group

Sky Harbour Group (NYSE: SKYH) is a publicly traded company focused on the ownership, development and operation of aviation real estate and infrastructure, with particular emphasis on hangars and support facilities for business and general aviation. The company acquires, constructs and leases premium aircraft storage and maintenance space intended to serve owners and operators of business jets and other corporate aircraft, and it pursues opportunities to consolidate scarce hangar capacity at key airports.

Its principal activities include development and redevelopment of hangar buildings, long‑term leasing and management of aviation properties, and partnering with fixed‑base operators and maintenance providers to deliver services that support aircraft operations.